Milverdene Properties Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 06877591

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,271,477		1,271,477

			1,271,477		1,271,477
Creditors: Amounts Falling Due Within One Year	5	(69,321 )		(67,341 )

NET CURRENT ASSETS (LIABILITIES)			(69,321 )		(67,341 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,202,156		1,204,136

Creditors: Amounts Falling Due After More Than One Year	6		(1,200,000 )		(1,200,000 )

NET ASSETS			2,156		4,136

CAPITAL AND RESERVES
Called up share capital	7		1,000		1,000
Profit and Loss Account			1,156		3,136

SHAREHOLDERS' FUNDS			2,156		4,136

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Philip Wagstaff

Director

04/11/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Milverdene Properties Limited (previously known as Milverdene Hotels Ltd) is a private company, limited by shares, incorporated in England & Wales, registered number 06877591 . The registered office is Unit B, Jubilee Close, London, NW9 8TR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

Nil

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 April 2024	1,271,477

As at 31 March 2025	1,271,477

Net Book Value
As at 31 March 2025	1,271,477

As at 1 April 2024	1,271,477

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	67,341	65,341
Accruals and deferred income	1,980	2,000

	69,321	67,341

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Milverdene Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to participating interests	1,200,000	1,200,000

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

8. Related Party Transactions

Other creditors due within one year of £67,341 (2024 :£65,341) relates to a loan due to Milverdene Hotel Trading Limited, a company in which Mr Philip Wagstaff is also a director.

Included in Creditors due after more than one year is an unsecured and interest free loan of £1,200,000 (2024 :£1,200,000) due to Milverdene Limited, a company in which Mr Philip Wagstaff is also a director.

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